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November 11, 2014

Paving the Way for Private Sector Growth


The role of the private sector is particularly vital today amid strong signals by some Caribbean economies of returning to positive growth in 2015.

This view has been shared by Executive Director of the Caribbean Export Development Agency (Caribbean Export) Pamela Coke-Hamilton, on the eve of a two-day international colloquium designed to facilitate dialogue between regional and international private sector leaders, politicians and academics.

Coke-Hamilton said the role of the private sector was even more critical today than previously given its importance in driving economic growth. “So to the extent to which the private sector continues to make the necessary investment and diversify their base of operations and engage in innovation, then the economies will continue to improve and increase growth,” the Executive Director continued.

Caribbean Export is organising a second conference, Caribbean Exporters Colloquium 2014, at the Hilton Barbados from November 11-12 to help provide a road map for regional economic recovery.

The primary objective is to bring together thought leaders on the issues affecting export development diversification, expansion and penetration of markets and importantly facilitate exchanges between the private and public sectors in the region and externally. Continue reading “Paving the Way for Private Sector Growth”

PADF Youth-Focused Entrepreneurship Program Launches First Group of Micro-Businesses in Belize City


Belize City, Belize (November 6, 2014)—The Pan American Development Foundation (PADF) announces the official launch of two micro-businesses under the second phase of the Youth Engagement Services Project (YES!), a program that targets youth who have limited opportunities in order to support youth-initiated micro and small businesses that increase access to jobs and encourage entrepreneurship in Belize City.

The program, funded by the U.S. Embassy in Belize, is building on other services to complement ongoing activities by providing youth from marginal areas the essential elements of technical training and business advisory services so they can succeed in the labor market.

During Phase I, participants completed a 12-week tailored training program in entrepreneurship through SBDCBelize, under the Belize Trade and Investment Development Service (BELTRAIDE). Youth participants received training on start-up and improved business tactics and business plan development in order to be prepared to start their own business or improve an existing one. Under Phase II participants submitted business plans for review by a Business Launch Group comprised of private sector panelists. Following this process, four of the 10 business plans submitted received seed funding.

On November 6, 2014 two of the businesses were officially launched during an event attended by the Representative of the Organization of American States (OAS) in Belize, Mr. Starret Greene; Sr. Business Advisor at SBDCBelize, Mr. Omar Castillo; Business Advisor at SBDCBelize, Ms. Gabriela Del Angel; Sr. Programs Director at PADF, Ms. Caterina Valero; and Project Director in Belize, Ms. Minerva Pinelo. The grantees are Ms. Reyna Ramos and Mr. Channing Garoy from Mayflower Street and North-Creek Road, respectively.

Ms. Ramos’ business goal is to expand her home food vending micro business with support from the YES! Program through Elt’s Grocery Store, an establishment located in her neighborhood. She plans to offer local snacks, beverages, stationeries and toiletries. Her greatest motivation is

Continue reading “PADF Youth-Focused Entrepreneurship Program Launches First Group of Micro-Businesses in Belize City”

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